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Mimecast Limited (NASDAQ: MIME) announced it will release its third quarter 2021 financial results on February 3, 2021, before market opening. A conference call for investors and analysts is scheduled for the same day at 8:30 am EST. Participants can access the call via phone or through a live webcast on the company’s investor relations website. This event follows Mimecast's focus on delivering robust email security and cyber resilience services to protect organizations from various cyber threats.
Mimecast Limited (NASDAQ: MIME) announced the appointment of Shahriar Rafimayeri as its new Chief Information Officer (CIO). Rafimayeri will lead the global IT organization, focusing on enhancing digital transformation to improve customer and partner experiences. With extensive experience from his previous role at Infor and senior positions in major financial institutions, he aims to strengthen Mimecast's technology infrastructure and cybersecurity. CEO Peter Bauer expressed confidence in Rafimayeri's expertise, emphasizing the company's commitment to customer-first values.
Mimecast Limited (NASDAQ: MIME) reported a strong performance for the second fiscal quarter ended September 30, 2020, achieving revenue of $122.7 million, up 19% year-over-year. The company added 500 new customers, bringing the total to 39,200, with a revenue retention rate of 105%. GAAP EPS increased to $0.15 per share, while non-GAAP EPS rose to $0.32. Mimecast's adjusted EBITDA was $33.6 million, demonstrating margin expansion. Looking ahead, the company forecasts Q3 revenue between $126.0 million and $127.0 million, despite potential foreign exchange impacts.
Mimecast Limited (NASDAQ: MIME) has been named a Leader in the Gartner Magic Quadrant for Enterprise Information Archiving for the sixth consecutive year. The report evaluates market vendors on their execution capabilities and vision completeness. Mimecast’s Cloud Archive solution aims to protect corporate data and streamline compliance, particularly as remote work increases. Over 16,000 global customers utilize Mimecast for archiving and data management. The company plans to enhance its offerings with new features for Microsoft Teams and OneDrive in the coming months.
Mimecast Limited (NASDAQ: MIME) announces the opening of new data centers in Canada to enhance email cybersecurity and resilience for local organizations. The facilities in Montreal and Toronto will ensure data privacy and compliance with Canadian laws such as PIPEDA. Mimecast offers various services, including email security, archiving, and business continuity, all designed to protect data. The move is part of Mimecast's strategy to strengthen its presence in Canada, where it currently serves over 500 organizations.
Mimecast (NASDAQ: MIME) has partnered with CrowdStrike by joining its Elevate Partner Program. This collaboration aims to enhance the cyber resilience of joint customers by integrating threat intelligence from email and web data into endpoint security. With CrowdStrike's Falcon platform, which processes over 4 trillion events weekly, customers can mitigate risks from cyber threats more effectively. The partnership also emphasizes shared threat detection and improved security reporting capabilities, providing organizations with insights to avoid costly breaches.
Mimecast Limited (NASDAQ: MIME) released research indicating that traditional awareness training has minimal effect on enhancing organizational security. Over 1,000 global respondents were surveyed, revealing that 73% use company devices for personal activities, with almost half admitting to engaging with suspicious emails. Despite 96% awareness of potential threats, actual safe behavior is lacking. The younger workforce is notably at risk, with 60% of those aged 16-24 opening dubious emails. This underscores the need for more effective training strategies to reduce cyber risks.
Mimecast has appointed Jonathan Corini as the new Senior Vice President of Global Channel Sales. This strategic move aims to enhance Mimecast's channel program, vital for expanding its enterprise reach while supporting small and medium businesses. Corini's 20+ years of experience, including roles at Forescout Technologies and McAfee, will help unify and strengthen the company’s commitment to its channel partners. His leadership is expected to align strategies across regional sales and maximize partner value, vital for Mimecast's growth in a competitive cybersecurity market.
Mimecast Limited (NASDAQ: MIME) announced it will release its financial results for Q2 2021 after market close on November 2, 2020. The company will host a conference call at 4:30 PM EST on the same day to discuss these results with investors and analysts. To participate, U.S. and Canadian callers can dial (844) 402-0879, while international participants can call +1 (478) 219-0767. Conference ID# 7783078. A live webcast will also be available on their investor relations website.
Mimecast Limited (NASDAQ: MIME) has announced the integration of its services with Rapid7 InsightIDR, aimed at enhancing threat detection and response capabilities. This integration allows joint customers to ingest log data directly into InsightIDR, facilitating faster incident detection, response, and remediation. The collaboration emphasizes the importance of connecting email security data with other data sources to provide a holistic view of security environments. The initiative aims to empower organizations to stay ahead of evolving threats while leveraging existing security investments.
